The total market cap is close to $3.2 trillion again.
Bitcoin’s rather dull price actions over the weekend continue as the asset remains sideways at around $91,000, but it’s up by more than ten grand since last Friday’s multi-month low.
Most larger-cap altcoins are sluggish on a daily scale, aside from HYPE, AVAX, and ZEC – all of which have dumped hard since yesterday.
BTC Taps $91K
As mentioned above, the previous business week was quite painful for the primary cryptocurrency as it plunged below $81,000 for the first time since April. This meant that it had lost over $25,000 in just ten days.
The bulls finally stepped up at this point and defended the $80,000 support. BTC started to recover some ground and quickly bounced to $84,000 last weekend. Its more impressive gains came during the business week when it initiated a leg up to $88,000 by Wednesday.
Although that resistance held at first, the bulls managed to break through it that night, and bitcoin even jumped past $90,000 at the end of the week. Its local high came on Friday morning when it surged to just over $93,000.
However, it couldn’t keep climbing, and the subsequent rejection drove it to the $90,000-$91,000 range, where it has been situated for the past 36 hours or so. Its market cap has increased to $1.820 trillion, while its dominance over the alts stands tall above 57% on CG.
Weekly Gainers
The weekly charts are quite impressive, given the rebound attempts by many altcoins. ETH and XRP are up by over 7% to $3,000 and $2.20, respectively. SOL has gained 5% and so has HYPE, even though it’s down by 6% in the past 24 hours.
XMR, XLM, AVAX, SUI, SHIB, CC, and AAVE are also well in the green weekly. ZEC trades differently than most altcoins again, but this time in a painful manner. The privacy token has plunged by over 21% since last Sunday and now sits below $450.
The total crypto market cap has added over $300 billion since last Friday’s low and is close to $3.2 trillion now.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
No Comment! Be the first one.